Wallets’ Multiple Uses May Aid Decision to Adopt
Mobile wallets are coming – that is a certainty, some experts say.
But just about everything else around this issue remains uncertain as credit unions, banks, and merchants scramble to attempt to keep pace with a fast evolving marketplace.
Likewise is heard from John Worthington, a senior vice president at Security Service Federal Credit Union, a $6.7 billion institution in San Antonio. He admitted that, for the present, SSFCU is focused on rolling out a conventional suite of mobile apps but it is doing so with its eyes firmly on a later introduction of advanced mobile wallet capabilities.
“A mobile wallet will be very beneficial to us and our members down the road,” said Worthington who declined to fix a precise timetable for debut of these services. But he stressed that for SSFCU, the appeal is that a mobile wallet will let the credit union get involved in in-store payments.